The Minister of Foreign Affairs, European Union and Cooperation, José Manuel Albares, has sealed in Argel an agreement to strengthen the Strategic Partnership energy between España y Argeliaguaranteeing a greater volume of gas and the relaunch of diplomatic and trade relations under the framework of Treaty of Friendship, Good Neighborhood and Cooperation.
Strengthening the energy alliance and gas supply
During the first day of his official visit, which had a distinctly political and economic character, the minister Albares He held key meetings with the president Tebboune and its Algerian counterpart, Ahmed AttafOne of the critical points on the agenda was the meeting with the Minister of Hydrocarbons and Mines de Argeliawhere both nations agreed to intensify cooperation in the area of energy security.
The agreement includes an increase in the volume of gas sent to the Península Ibéricaas well as the modernization and reinforcement of existing infrastructure.Argelia It is a reliable and consistent gas supplier with whom we have a long tradition of supplies that we want to deepen and renew.", he claimed Albares, highlighting the stability of the Maghreb partner in the current global context.
Commercial dynamism and Spanish business presence
The economic dimension of the bilateral relationship shows solid growth figures. The volume of trade between the two countries reached [number missing] last year. 8.500 millones de euroshighlighting an exponential increase in exports, which tripled in the last fiscal year. Currently, more than 100 Spanish companies They operate in Algerian territory with strategic investment projects.
| Economic Indicator / Milestone | Data Details |
|---|---|
| Bilateral trade volume | Almost 8.500 billion euros |
| Export growth | They tripled in the last year |
| Spanish companies in Algeria | More than 100 companies |
| Key investment sectors | Hydrocarbons, food, ceramics and industry |
The minister concluded his agenda with a meeting with Spanish business leaders, where they discussed opportunities in diversified sectors beyond energy:
- Hydrocarbons: Consolidation as a priority energy partner.
- Industry and Ceramics: Joint manufacturing development projects.
- Feeding: Growth in the market share of Spanish products.
- Migration: Constant cooperation in the management of migration flows.
New stage in the bilateral relationship
The Spanish foreign minister highlighted the «full force" of the Treaty of Friendship and announced the relaunch of trips, visits, and technical meetings at all institutional levels. According to AlbaresThis new stage is defined by a «dialogue and constant cooperation for the benefit of our people", positioning Argelia as a stable partner and strategic neighbor in the Mediterráneo.
Key points and frequently asked questions about the Spain-Algeria relationship
What is the current state of gas supplies from Algeria?
Argelia It reaffirms its status as a reliable and consistent supplier. The recent agreement aims to increase gas volumes towards España and improve energy connection infrastructure.
What is the importance of the Treaty of Friendship for both countries?
El Treaty of Friendship, Good Neighborhood and Cooperation It is the legal framework that guarantees the stability of relations and allows the relaunch of official visits and technical cooperation in areas such as migration and the economy.
What is the volume of trade between Spain and Algeria?
Bilateral trade is approaching 8.500 millones de euros, with a presence of more than one hundred Spanish companies actively investing in Algerian industry and the primary sector.
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